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Topic: Bittrex delisting XMR, DASH and ZEC. Will this affect Bitcoin? (Read 1050 times)

member
Activity: 518
Merit: 23
★Bitvest.io★ Play Plinko or Invest!
I believe it won't affect Bitcoin because if those delisting happened on Bittrex but has not been remove on other exchange websites, then people can still trade it though this value decrease can also help them garner more investors. As of the moment, there are so many factors that might affect Bitcoin's value but I do not think that removing some Alternate Coins listed on exchange websites might be one of them because not all users are knowledgeable about the coins that got delisted.
sr. member
Activity: 958
Merit: 265
I wonder what will be the explanation of delisting these altcoins, however, I personally think that nothing going to occur with the bitcoin's market. There's numerous altcoin accessible on the internet and individuals supplant them with bitcoins likewise bitcoins and altcoins bitcoin hand-off on the diverse class so we can not contrast them and one another. It won't influence bitcoins and I believe the cost will pump more than previous years.
sr. member
Activity: 2338
Merit: 365
More and more privacy is taken away from us.

XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?

https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21
It looks like the exchange is afraid of the strict rules regarding coin privacy that might occur...
luckily Bitcoin is different from other privacy coins, many already like Bitcoin and make it an investment, different from other privacy coins that are mostly used for transactions, so I'm sure there will be no effect on the price of Bitcoin.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

I've tried to find their comments about the delisting and haven't found it, they don't even explain why they do it. Ultimately, all exchanges will refuse (
Maybe you should use search engine if you don't get answer in this thread, I think the reason why exchanges delisting other coins is either the trade volume in each coin is getting lower and lower each day, so normally if the coin is not yet active or having few traders it is normal that exchanges delisting it, also add the fact that some coins now are being sued or having allegations by SEC, we should know that when this thing came up it really affects the position and image of the coin.
I was looking for a comment from the exchange, I understand that because of the SEC I read an article about it. But I was curious to know what the Bittrex exchange thinks.

https://www.sygna.io/blog/what-is-amld5-anti-money-laundering-directive-five-a-guide/

US AML ACT

https://www.dlapiper.com/en/us/insights/publications/2021/01/new-aml-act-is-a-game-changer/

IRS asking for trace taxes

...
full member
Activity: 1050
Merit: 103
BIB Exchange

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

I've tried to find their comments about the delisting and haven't found it, they don't even explain why they do it. Ultimately, all exchanges will refuse (
Maybe you should use search engine if you don't get answer in this thread, I think the reason why exchanges delisting other coins is either the trade volume in each coin is getting lower and lower each day, so normally if the coin is not yet active or having few traders it is normal that exchanges delisting it, also add the fact that some coins now are being sued or having allegations by SEC, we should know that when this thing came up it really affects the position and image of the coin.
I was looking for a comment from the exchange, I understand that because of the SEC I read an article about it. But I was curious to know what the Bittrex exchange thinks.
sr. member
Activity: 882
Merit: 269

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

I've tried to find their comments about the delisting and haven't found it, they don't even explain why they do it. Ultimately, all exchanges will refuse (
Maybe you should use search engine if you don't get answer in this thread, I think the reason why exchanges delisting other coins is either the trade volume in each coin is getting lower and lower each day, so normally if the coin is not yet active or having few traders it is normal that exchanges delisting it, also add the fact that some coins now are being sued or having allegations by SEC, we should know that when this thing came up it really affects the position and image of the coin.
jr. member
Activity: 154
Merit: 1
More and more privacy is taken away from us.

XMR,DASH and ZEC already crashed with more than 15% after the news about delisting on bittrex.
What effect the delisting will have on the bitcoin price?

https://bittrex.zendesk.com/hc/en-us/articles/360054393492-Pending-Market-Removals-01-15-21


there will be no impact on the BTC price from this event.
member
Activity: 368
Merit: 24

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

There is enough privacy

What you might seek is crimimal? anonymity? Thats never ever happen sustainable

Anonymity don't mean criminal...

For good average Joes privacy is all needed, also to ensure proper accountability and ownership.

We talk finance or what are you in?

Not sure who really asks for crappy ano not having some skewed agenda... Proof me wrong


not sure what you mean by skewed agenda,
satoshi and the original developers choose to remain anonymous and I don't see something skewed there,
 anonymity can be something good also in some ways is what I am trying to say
 

 
full member
Activity: 1050
Merit: 103
BIB Exchange

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

I've tried to find their comments about the delisting and haven't found it, they don't even explain why they do it. Ultimately, all exchanges will refuse (
hero member
Activity: 2422
Merit: 875

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

Once bittrex was a good exchange but these days i have heard that their support is not good at all. Anyways, delisting of privacy coins or any other altcoin from the exchange will only effect that particular coin and it will have no impact on bitcoin and overall crypto currencies.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

There is enough privacy

What you might seek is crimimal? anonymity? Thats never ever happen sustainable

Anonymity don't mean criminal...

For good average Joes privacy is all needed, also to ensure proper accountability and ownership.

We talk finance or what are you in?

Not sure who really asks for crappy ano not having some skewed agenda... Proof me wrong
newbie
Activity: 14
Merit: 0
I am not surprised that this is happening  Undecided
member
Activity: 368
Merit: 24

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

There is enough privacy

What you might seek is crimimal? anonymity? Thats never ever happen sustainable

Anonymity don't mean criminal...
newbie
Activity: 21
Merit: 0
If I were to manage or run an exchange. I would.not delist existing coin because whether it has bad reputation or not itn would still contribute to the businesss income. Besides, let the coins also give a chance to correct whatever problem and issues it made. Instead of delisting it all coins should be supported or maybe they have the other reason why they wanted the coins to be dump?

I totally agree 👍👍 This projects arent shitcoins like the other cryptocurrencies that is currently existing in the market.. Anyways, I dont think this will affect btc tho just like what happened to XRP it will only the prject itself
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that

There is enough privacy

What you might seek is crimimal? anonymity? Thats never ever happen sustainable
member
Activity: 368
Merit: 24

 Bittrex is going down anyways, used to be good exchange long time ago but not anymore,
privacy is one of the fundamentals of crypto vs fiat so exchanges should support that
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
IMO, no we're just weeding out a few bad eggs
Whom you do consider as few bad eggs? Those exchanges or to those Privacy coins that had been delisted? I dont see for this issue or situation
could really affect bitcoins price or the entire market because even though its delisted into some exchanges doesnt mean that we would completely stop
on engaging on those coins totally.We cant deny when it comes to anonymity then nothing beats out XMR,DASH and ZEC towards this and
you would normally seen these events for those platforms who had been mandated or on where government intervention do happens.
copper member
Activity: 9
Merit: 0
IMO, no we're just weeding out a few bad eggs
newbie
Activity: 1
Merit: 0
I do not see any reason for this delisting to affect bitcoin. There is just no need to assume such things.
legendary
Activity: 3010
Merit: 1280
Get $2100 deposit bonuses & 60 FS
If I were to manage or run an exchange. I would.not delist existing coin because whether it has bad reputation or not itn would still contribute to the businesss income. Besides, let the coins also give a chance to correct whatever problem and issues it made. Instead of delisting it all coins should be supported or maybe they have the other reason why they wanted the coins to be dump?

If you are the owner of a business, I am sure you will do everything in your power to not have a conflict with SEC or any authority,  unless you are used to running an illegal business out there.  So I think it is expected for Bittrex to delis this kind of coins.

As for the effect on Bitcoin, I do not think that it will encourage Bitcoin market dump, instead, it can produce a demand for Bitcoin due to the traders converting these coins to Bitcoin.  Definitely, the price of these coins will suffer but I don't think it will have a negative effect on Bitcoin.
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